360networks stock dives 37%

Article Abstract:

360networks Inc. saw its share value drop by 37%, or below 1 Canadian dollar for the first time ever. The share decline came after Moody's Investors Service Inc. warned that the company may default on its debts, worth US$2.5 billion.

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360networks, SingTel forge network deal

Article Abstract:

360networks Inc. makes a deal with Singapore Telecommunications Ltd. worth $800-million to develop a deep sea cable network to help support the growing need for high speed Internet and networking systems.

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360networks delays key bond payment

Article Abstract:

In the shadow of its $2.8 billion debt, 360networks Inc. seeks ways to delay a bond payment.

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